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[inaudible conversations] good morning the subcommittee will now come to order. Welcome to everyone that is here in the hearing room. The chair now recognizes herself for an opening statement. According to dhs National Survey on drug use, 44 million americans reported using cannabis in the last year. Thirtythree states now allow the medicinal use of cannabis and in the district of columbia have legalized for adult use. State laws and federal policy are 1000 miles apart. The federal governments still strictly prohibits even restricting legitimate medical research. Widespread availability of can...

[inaudible conversations] good morning the subcommittee will now come to order. Welcome to everyone that is here in the hearing room. The chair now recognizes herself for an opening statement. According to dhs National Survey on drug use, 44 million americans reported using cannabis in the last year. Thirtythree states now allow the medicinal use of cannabis and in the district of columbia have legalized for adult use. State laws and federal policy are 1000 miles apart. The federal governments still strictly prohibits even restricting legitimate medical research. Widespread availability of can...

Plus financial secretary. Were standing by for Election Results in argentina. The president is under pressure there. We will have the latest. Paul lets take a look at how things are shaping up in the market today. The straily just up and one minute ago. In as are coming online order in australia. Not a lot of action. Futures were indicating pickup of about a third of 1 . Futures for the nikkei traded out of chicago. They are looking slack right now. U. S. Equity markets are also pointing higher. Sytock global stocks back to the highest levels seen this year. Lets check in on the first word new...

Oil prices end disproportionate weighting with the dow, components like exxon, chevron mobile dominating the scene. Lets go to Edward Lawrence with the latest from the white house on the trade front. Edward what are we hearing . It is fish. U. S. Trade Representatives Office filed to increase tariffs on last 300 billion of chinese imports from 10 to 15 . It will go into effect in two faces. First phase of 15 happens this sunday. You see items on the screen will be affected. The second batch goes on september 15th. Chinese reinstituted 25 tariffs on u. S. Cars sold in china. Increasing tariffs ...

Morning. This bloomberg surveillance. More than a decade since the last one, s p Global Rating the gene the top rating for u. S. Of america. Fitch follows up after the close yesterday with this quote, the written downgrade of u. S. Reflects the expected physical deterioration over the next three years. The erosion of governance relative to aa and aaa rated peers. Whether it is justified, and if it matters, are two different questions. Lisa i would agree as this is the second Major Company to downgrade u. S. From aaa rating. The response arbitrary and based on outdated data. That is janet yelle...